Open + Review Class Notes 2nd November

State Owned – owned by the government eg: “I work for a state-owned company.”

Lease – a contract for temporary ownership eg: “They signed a 50 year lease.”

Original –

Chongming Island is only one county of Shanghai. More than one years ago, The price of a apartment is about 14000 per sq.m., but now, The price increase to about 24000 per sq.m.. the growth are very quickly and It’s not balance for our salary growth, the reason are just because the county became a district of Shanghai this year and It will have a subway in the five years.In last two years, a lot of places apartment price grow to double than before. if the price are aways growing, it will become a big social problem.

Correction –

Chongming Island is only one county of Shanghai. More than one year ago, The price of an apartment was about 14000 Yuan per sq.m., but now, the price has increased to about 24000 Yuan per sq.m.. the growth is very quick and it’s not balanced with our salary growth. The reason is just because the county became a district of Shanghai this year and It will have a subway in the  next five years. In the last two years, a lot of apartment prices have doubled. if the prices are always growing, it will become a big social problem.